RESTRUCTURING AND INTEGRATION COSTS AND TRANSACTION COSTS	12 Months Ended
Dec. 31, 2019
Restructuring And Related Activities [Abstract]
RESTRUCTURING AND INTEGRATION COSTS AND TRANSACTIONS COSTS	NOTE 12—RESTRUCTURING AND INTEGRATION COSTS AND TRANSACTION COSTS 2019— Restructuring and integration costs were $114 million, and included change-in-control, severance, professional fees and costs of settlement of litigation, as well as costs to achieve our combination profitability initiative (“CPI”) program. We launched the CPI program in the second quarter of 2018, with the goal of realizing transformative cost savings across our business. The program incorporates the activities of our Fit 2 Grow program previously announced in the fourth quarter of 2017 and targets a significant improvement in cost controls across five main opportunity areas: (1) procurement and supply chain; (2) systems, applications and support; (3) assets and facilities; (4) perquisites, travel and other; and (5) workforce efficiency. Our accrued liability associated with these costs was not material as of December 31, 2019. Transaction costs were $57 million and primarily related to legal and other professional fees associated with the sale processes for the pipe fabrication business and the Lummus technology business and the now-terminated effort to sell our industrial storage tanks business, as well as professional and other fees associated with the Chapter 11 Cases. Our accrued liability associated with transaction costs was approximately $6 million as of December 31, 2019. 2018—Restructuring and integration costs were $134 million and primarily related to costs to achieve our CPI program. Transaction costs were $48 million and related to professional service fees (including audit, legal and advisory services) associated with the Combination. Our accrued liability associated with these costs was not material as of December 31, 2018. 2017—No restructuring, integration or material transaction costs were incurred. Restructuring and integration costs and transaction costs are recorded within our Corporate operating results.

RESTRUCTURING AND INTEGRATION COSTS AND TRANSACTION COSTS

12 Months Ended

Dec. 31, 2019

Restructuring And Related Activities [Abstract]

RESTRUCTURING AND INTEGRATION COSTS AND TRANSACTIONS COSTS

NOTE 12—RESTRUCTURING AND INTEGRATION COSTS AND TRANSACTION COSTS

2019— Restructuring and integration costs were $114 million, and included change-in-control, severance, professional fees and costs of settlement of litigation, as well as costs to achieve our combination profitability initiative (“CPI”) program. We launched the CPI program in the second quarter of 2018, with the goal of realizing transformative cost savings across our business. The program incorporates the activities of our Fit 2 Grow program previously announced in the fourth quarter of 2017 and targets a significant improvement in cost controls across five main opportunity areas: (1) procurement and supply chain; (2) systems, applications and support; (3) assets and facilities; (4) perquisites, travel and other; and (5) workforce efficiency. Our accrued liability associated with these costs was not material as of December 31, 2019.

Transaction costs were $57 million and primarily related to legal and other professional fees associated with the sale processes for the pipe fabrication business and the Lummus technology business and the now-terminated effort to sell our industrial storage tanks business, as well as professional and other fees associated with the Chapter 11 Cases. Our accrued liability associated with transaction costs was approximately $6 million as of December 31, 2019.

2018—Restructuring and integration costs were $134 million and primarily related to costs to achieve our CPI program. Transaction costs were $48 million and related to professional service fees (including audit, legal and advisory services) associated with the Combination. Our accrued liability associated with these costs was not material as of December 31, 2018.

2017—No restructuring, integration or material transaction costs were incurred.

Restructuring and integration costs and transaction costs are recorded within our Corporate operating results.